GeoEye (GEOY +7.8%) and DigitalGlobe (DGI +5.2%) jump on news the DOJ has approved the...

|By:, SA News Editor

GeoEye (GEOY +7.8%) and DigitalGlobe (DGI +5.2%) jump on news the DOJ has approved the companies' merger, which will create a dominant provider of satellite imagery services for the U.S. government. Though FCC and NOAA approval are still pending, DigitalGlobe says it expects the merger to close by Jan. 31. GeoEye shareholders approved the deal in December. (Indian railway deal)